Tuesday, August 20, 2013

New Report on Ginguro - I mentioned I would give the link tonight but they just announced a $1 million placement so activity may pick up. See http://www.statesidereport.com/Under_the_Rocks_-_Ginguro_Exploration_-_GEG.pdf
Ginguro Exploration Inc
Symbol C : GEG
Shares Issued 63,219,140
Close 2013-08-19 C$ 0.105
Recent Sedar Documents
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Ginguro Exploration arranges $1-million financing
2013-08-20 09:31 ET - News Release
Mr. Richard Murphy reports
GINGURO ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FINANCING
Ginguro Exploration Inc. proposes to complete a non-brokered private placement pursuant to which it will issue up to 10 million units at a price of 10 cents per unit, to raise gross proceeds of up to $1-million. Each unit will consist of one common share and one-half of one share purchase warrant of Ginguro, with each such whole share purchase warrant entitling the holder thereof to acquire one additional common share of Ginguro for a period of 24 months at an exercise price of 15 cents per share.
In connection with the offering, Ginguro has agreed to pay a finder's fee to certain qualified registrants assisting in the offering in the amount equal to 5 per cent of the gross proceeds raised by such finders, and issue broker warrants to such finders entitling the holders to acquire such number of common shares of Ginguro as is equal to 5 per cent of the number of units sold by such finders in the offering, at a price of 15 cents per share, for a period of two years following the closing of the offering.
The private placement remains subject to the approval of the TSX Venture Exchange. Completion of the sales is subject to the approval of the TSX Venture Exchange and the satisfaction of all closing conditions. Insiders of Ginguro may subscribe for up to 100 per cent of the units in the offering.
We seek Safe Harbor.